CCOE.TO is trading 3.3% higher as uranium-related equities rebound from last week’s risk-off selling triggered by new U.S. tariffs.
- The ETF, which focuses on Cameco and uranium exposure with an options overlay, is tracking a sector-wide bounce amid improving global risk sentiment.
- Gains are supported by easing U.S.-Iran tensions and lower oil prices, which have bolstered cyclical and commodity-linked assets following the July 24, 2026, tariff announcement.
- The recovery marks a significant turn for the sector after a sharp pullback, as investors move back into uranium-linked instruments.